Bitcoin News Update: IREN Redirects $9.7B from Mining to AI Cloud, Supporting Microsoft's Growth
- Microsoft and IREN signed a $9.7B multi-year deal to deploy NVIDIA GB300 GPUs at Texas facilities, accelerating Microsoft's Azure AI expansion amid global GPU shortages. - IREN is transforming its 750MW campus into a liquid-cooled AI data center, securing $5.8B in GPU procurement from Dell to support 200MW of AI workloads by 2026. - The partnership drives IREN's pivot from Bitcoin mining to AI cloud infrastructure, boosting its stock over 500% this year while reflecting broader industry shifts toward ene
Microsoft has signed a groundbreaking multi-year contract worth $9.7 billion with
As part of the deal, IREN will roll out the GPUs in stages at its 750MW campus in Childress, Texas, where liquid-cooled data centers are expected to support up to 200MW of critical IT load by 2026, according to El-Balad. The facility is designed with a focus on energy efficiency, which is essential for high-performance computing. To meet the contract’s requirements, IREN has also arranged a $5.8 billion procurement agreement with Dell Technologies for GPUs and related hardware, as reported by
To finance the expansion, IREN will use a mix of existing cash, customer prepayments, operational income, and additional funding, El-Balad noted. Daniel Roberts, IREN’s co-founder and co-CEO, described the agreement as a significant achievement, stressing its importance in establishing IREN as a reliable AI cloud provider and expanding its GPU presence across North America, according to El-Balad. Jonathan Tinter, Microsoft’s president of business development and ventures, emphasized the strategic fit of the partnership, pointing to IREN’s strengths in integrated data center management and secured power supply, as mentioned by The Outpost.
The news pushed IREN’s stock up more than 23% in pre-market trading, continuing its upward trend as the company benefits from the surge in AI hardware demand, according to a
Analysts remain split on the stock’s outlook. J.P. Morgan’s Reginald Smith kept a “Sell” rating and a $24 price target, citing valuation concerns despite IREN’s strong Q3 2025 results, according to a
This partnership enables Microsoft to enhance its Azure AI services during a global GPU shortage, while IREN strengthens its position as a leading neocloud company—a group moving from Bitcoin mining to AI infrastructure, as reported by Yahoo Finance. With the Texas project underway, this deal could pave the way for more large-scale partnerships in the fast-changing AI industry.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitcoin News Update: Crypto Shares Tumble Amid Liquidations, Security Breaches, and Federal Reserve Ambiguity Causing Market-Wide Upheaval
- U.S. crypto stocks plummeted pre-market on Nov 4, with MSTR (-3.30%), COIN (-3.12%), and BMNR (-4.90%) leading declines amid sector-wide volatility. - A $1.2B crypto liquidation event followed BTC/ETH's 3% hourly drop, triggering leveraged long position collapses and exposing sector liquidity risks. - DeFi protocol Moonwell suffered a $1M exploit via faulty oracle data, compounding recent vulnerabilities and prompting calls for multi-source price verification. - Fed's $125B liquidity injection fueled 67.
XTTA's Deflationary Drive: Token Burns Powering Expansion in Mining
- XTTA, Owlverse's native token, burned 50M tokens (12.5% of supply) to boost scarcity and value via deflationary strategy. - The "mining-driven + deflation" model aims to strengthen competitiveness in DePIN and smart finance sectors. - Future plans include surpassing 50% supply burns, contrasting traditional inflationary models to create upward price pressure. - Token burns align with crypto trends combating dilution, while real-world AI/infrastructure use cases enhance adoption potential. - Despite marke
Bitcoin Updates: Bitcoin's Sharp Drop and Federal Reserve's Quiet Easing Fuel Optimism for a Bull Market
- VIX fear index surged to 19.61 as Bitcoin fell below $108,000 amid corporate earnings uncertainty and Fed policy ambiguity. - BitMEX's Arthur Hayes warned U.S. Treasury and Fed's "Stealth QE" liquidity injections could reignite Bitcoin's bull market. - Meta's $118B AI spending triggered 11% stock drop, erasing $29.2B from Zuckerberg's wealth amid margin concerns. - Fed's $50B SRF liquidity spike highlighted market fragility, with Bitcoin's technical indicators showing bearish momentum below $106,453. - H
Smartphones Become Essential: M-KOPA Reaches 1 Million Users in Uganda, Tackling Financial Barriers
- M-KOPA reaches 1 million Ugandan customers via 7,484 DSRs, expanding digital inclusion through pay-as-you-go smartphones and loans. - The platform's "More than a Phone" initiative bundles financial tools, targeting 173,000+ users with loans, insurance, and mobile data in rural/urban areas. - With 83% of Ugandan DSRs under 35, M-KOPA aims to scale to 10 million smartphones by 2027, positioning devices as lifelines against financial exclusion across five African nations.
